Blog

By Kevin Holloway

When community members think of emergencies, they typically picture a natural disaster, inclement weather, or a structural failure. Yet, in today’s digital world, there’s another growing threat that often goes unnoticed: cybercrime. While this threat is much quieter than the physical disasters we may encounter, this emergency is just as dangerous and growing fast!

Throughout the years, cybercrime has often been considered a problem for big businesses, but the reality is that more and more community associations are finding themselves facing this crisis. Why? Homeowners’ associations manage highly sensitive resident information, vendor accounts, and large reserve funds. That’s exactly the kind of data cybercriminals are after! And, the repercussions of a successful attack can be catastrophic! It can lead to an erosion of trust from residents, legal ramifications, operational disruptions, and significant financial losses.

Knowing how and why these attacks happen is t...